Coping with Uncertainty: Robust Solutions: 633 (Lecture Notes in Economics and Mathematical Systems, 633) - Softcover

Softcover

ISBN 10: 3642037348 ISBN 13: 9783642037344

Publisher: Springer, 2009

Synopsis

This volume presents tools for the treatment of uncertainties using synthetic information composed of available hard data from historical observations, the results of experiments and scientific facts, as well as soft data from expert opinion and scenarios.

About this title

From the Back Cover

Support for addressing the on-going global changes needs solutions for new scientific problems which in turn require new concepts and tools. A key issue concerns a vast variety of irreducible uncertainties, including extreme events of high multidimensional consequences, e.g., the climate change. The dilemma is concerned with enormous costs versus massive uncertainties of extreme impacts. Traditional scientific approaches rely on real observations and experiments. Yet no sufficient observations exist for new problems, and "pure" experiments, and learning by doing may be expensive, dangerous, or impossible. In addition, the available historical observations are often contaminated by past actions, and policies. Thus, tools are presented for the explicit treatment of uncertainties using "synthetic" information composed of available "hard" data from historical observations, the results of possible experiments, and scientific facts, as well as "soft" data from experts' opinions, and scenarios.

 

Edition details

• Publisher: Springer
• Publication date: 2009
• Language: English
• ISBN 10: 3642037348
• ISBN 13: 9783642037344
• Binding: Paperback
• Number of pages: 293
• Editor: Marti Kurt, Ermoliev Yuri, Makowski Marek